VLP MANAGEMENT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VLP MANAGEMENT
Largest movements
- Cash -€36,462
down €36,462 (-69.3%), from €52,590 to €16,128
mainly Tax, wage and social debts (-€26,028) and Receivables within one year (-€20,543)
- Receivables within one year +€20,543
up €20,543 (+550%), from €3,736 to €24,278
- Tangible fixed assets -€2,747
down €2,747 (-14.1%), from €19,459 to €16,712
of which Furniture and vehicles: -€3,043
- Deferred charges and accrued income +€1,663
new in 2025: €1,663
- Tax, wage and social debts -€26,028
no longer reported in 2025 (was €26,028)
- Trade debts +€6,780
up €6,780 (+910%), from €745 to €7,525
- Advances received +€5,100
new in 2025: €5,100
- Profit (loss) carried forward -€3,298
new in 2025: -€3,298
- Gross operating margin -€65,637
down €65,637 (-96.5%), from €68,051 to €2,414
- Taxes -€17,357
down €17,357 (-99.8%), from €17,396 to €39
- Depreciation +€1,030
up €1,030 (+30.7%), from €3,353 to €4,383
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,785 | €58,782 | -€17,003 | -22.4% |
| Fixed assets | 21/28 | €19,459 | €16,712 | -€2,747 | -14.1% |
| Tangible fixed assets | 22/27 | €19,459 | €16,712 | -€2,747 | -14.1% |
| Land and buildings | 22 | €9,020 | €8,009 | -€1,010 | -11.2% |
| Plant, machinery and equipment | 23 | €810 | €2,116 | +€1,306 | +161% |
| Furniture and vehicles | 24 | €9,630 | €6,586 | -€3,043 | -31.6% |
| Current assets | 29/58 | €56,326 | €42,070 | -€14,256 | -25.3% |
| Amounts receivable within one year | 40/41 | €3,736 | €24,278 | +€20,543 | +550% |
| Trade receivables | 40 | €3,736 | €24,278 | +€20,543 | +550% |
| Cash at bank and in hand | 54/58 | €52,590 | €16,128 | -€36,462 | -69.3% |
| Deferred charges and accrued income | 490/1 | - | €1,663 | +€1,663 | |
| Total equity and liabilities | 10/49 | €75,785 | €58,782 | -€17,003 | -22.4% |
| Equity | 10/15 | €48,821 | €45,522 | -€3,298 | -6.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €45,821 | €45,821 | = | 0.0% |
| Distributable reserves | 133 | €45,821 | €45,821 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,298 | -€3,298 | |
| Amounts payable | 17/49 | €26,964 | €13,260 | -€13,704 | -50.8% |
| Amounts payable within one year | 42/48 | €26,964 | €13,260 | -€13,704 | -50.8% |
| Trade debts | 44 | €745 | €7,525 | +€6,780 | +910% |
| Suppliers | 440/4 | €745 | €7,525 | +€6,780 | +910% |
| Advances received on contracts in progress | 46 | - | €5,100 | +€5,100 | |
| Taxes, remuneration and social security | 45 | €26,028 | - | -€26,028 | |
| Taxes | 450/3 | €26,028 | - | -€26,028 | |
| Other amounts payable | 47/48 | €191 | €634 | +€443 | +232% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,353 | €4,383 | +€1,030 | +30.7% |
| Other operating charges | 640/8 | €1,429 | €1,273 | -€155 | -10.9% |
| Gross operating margin | 9900 | €68,051 | €2,414 | -€65,637 | -96.5% |
| Operating profit (loss) | 9901 | €63,270 | -€3,242 | -€66,511 | |
| Financial income | 75/76B | €30 | €131 | +€102 | +344% |
| Recurring financial income | 75 | €30 | €131 | +€102 | +344% |
| Financial charges | 65/66B | €82 | €149 | +€67 | +81.2% |
| Recurring financial charges | 65 | €82 | €149 | +€67 | +81.2% |
| Profit (loss) for the period before taxes | 9903 | €63,217 | -€3,259 | -€66,476 | |
| Income taxes | 67/77 | €17,396 | €39 | -€17,357 | -99.8% |
| Profit (loss) for the period | 9904 | €45,821 | -€3,298 | -€49,119 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,821 | -€3,298 | -€49,119 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.